“Hope, USA” builds on bank’s broad commitment to help small
businesses thrive by providing nearly $420 million in recovery
efforts through its Open for Business Fund
Wells Fargo announced today the launch of “Hope, USA,” an
initiative to share hope with its customers and communities in
support of small businesses nationwide. Through this effort, Wells
Fargo will help beautify business districts in more than a dozen
cities across the country and encourage everyone to join in giving
hope a hand by shopping locally this holiday season. Hope, USA
builds upon the company’s commitment to supporting small businesses
and helping them thrive as they emerge from the economic impact of
the pandemic.
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Wells Fargo will help revitalize local
business districts across America this holiday season with “Hope,
USA” initiative, which builds on the bank’s broad commitment to
help small businesses thrive by providing nearly $420 million in
recovery efforts through its Open for Business Fund. (Photo: Wells
Fargo)
“After a tough couple of years, small businesses across America
are working hard to get back on their feet,” said Bill Daley, vice
chairman of Public Affairs at Wells Fargo. “Wells Fargo wants to
build on their hope and resiliency by providing resources that help
small businesses become more stable, strengthen our local
communities, and lead the way toward a greater sense of normalcy we
all crave.”
Hope, USA Small Business District Beautification and
Revitalization Efforts
In coordination with local nonprofit organizations, Wells Fargo
is leading neighborhood beautification projects throughout the
country in November and December. Efforts include planting gardens,
cleaning and painting exteriors, installing holiday lights and
more, to freshen up local business districts in time for the
holidays. Communities in more than a dozen cities across the
country will benefit from Hope, USA, including: Atlanta, Charlotte,
Des Moines, Denver, Houston, Los Angeles/ Orange County, Miami,
Minneapolis, New York, Orlando, Philadelphia, Phoenix, San Antonio,
San Francisco, St. Louis and Washington D.C.
As an example, in Philadelphia the company is coordinating with
The Enterprise Center to help make improvements for small
businesses located in West Philadelphia’s 52nd Street commercial
corridor, an area that has persevered through a challenging couple
of years. From painting buildings to power washing sidewalks,
installing holiday lighting displays, and refreshing signage, Wells
Fargo’s Hope, USA effort will help rejuvenate this vital shopping
district that experienced major setbacks in 2020 due to the
pandemic and civil unrest.
“These small businesses along 52nd Street make up the heart of
West Philadelphia, and they have faced countless challenges during
the past year and a half,” said Della Clark, The Enterprise Center
President and CEO. “We know these minority-owned businesses have
been disproportionately impacted by the pandemic and civil unrest
in our community. It is critical we provide the investments they
need to keep hope alive and chart a path forward.”
Commitment to Small Businesses
“Small businesses are the heartbeat of every community. They
make our neighborhoods vibrant places to live, work, and raise
families,” said Mary Mack, CEO of Consumer and Small Business
Banking at Wells Fargo. “Simple things like writing a positive
review online, shopping locally or purchasing a gift card from a
neighborhood small business can make a huge difference. We are
encouraging everyone to join us in giving hope a hand by shopping
locally and supporting small businesses in their own communities
this holiday season.”
Wells Fargo’s Hope, USA effort builds upon the company’s strong
foundation of small business support. Throughout the pandemic,
we’ve supported our small business customers and extended
philanthropic support to the broader community. Our efforts
include:
- Working together with more than 3 million small businesses
across the country to help them get back to thriving.
- Helping approximately 282,000 small businesses get the funding
they need in the Paycheck Protection Program (PPP) to keep 1.7
million people at work.*
- Creating our Open for Business Fund, a roughly $420 million
recovery effort offering capital, technical assistance, and
long-term programs for small businesses.
- Helping Community Development Financial Institutions generate
an anticipated $1 billion in financing for small business
owners.
Learn more about Wells Fargo’s Hope, USA effort at
www.wellsfargo.com/impact and join the conversation on social media
using the hashtag #HopeUSA.
* PPP data from Program inception in 2020 through
06/09/2021.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is the leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
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Lori Beecher, 914-806-6646 Lori.Beecher@wellsfargo.com
Holly Rockwood, 415-930-0456 holly.d.rockwood@wellsfargo.com
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